Collaboration as a pathway for sustainability
AbstractConventional individualistic behaviours with their quest for profit maximization and wealth accumulation have created economic, environmental and social imbalances in today's world. These imbalances threaten to become worse in the coming years, decades and centuries. Calls and efforts towards sustainable development (SD) seek to establish a dynamic equilibrium among these elements. One of the key elements in the transition towards more sustainable societies is collaboration. This research presents three game theory tools to help rationalize that collaborative behaviours offer better results than individualistic ones. The first presented is the prisoners' dilemma. The second is the tragedy of the commons, a tool similar to the prisoners' dilemma but with more actors increasing the complexity. The third, the Nash equilibrium, offers a mathematical way to attempt to reach a system's optimum, i.e. to obtain the result that would in a totality benefit all the players. The tools are linked to SD problems. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Sustainable Development.
Volume (Year): 15 (2007)
Issue (Month): 6 ()
Contact details of provider:
Web page: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Faber, Malte & Petersen, Thomas & Schiller, Johannes, 2002. "Homo oeconomicus and homo politicus in Ecological Economics," Ecological Economics, Elsevier, Elsevier, vol. 40(3), pages 323-333, March.
- Theißen, Sebastian & Spinler, Stefan, 2014. "Strategic analysis of manufacturer-supplier partnerships: An ANP model for collaborative CO2 reduction management," European Journal of Operational Research, Elsevier, Elsevier, vol. 233(2), pages 383-397.
- Erol, Ismail & Sencer, Safiye & Sari, Ramazan, 2011. "A new fuzzy multi-criteria framework for measuring sustainability performance of a supply chain," Ecological Economics, Elsevier, Elsevier, vol. 70(6), pages 1088-1100, April.
- Candace K. May, 2008. "Achieving sustainability in US fisheries: community engagement in co-management," Sustainable Development, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 16(6), pages 390-400.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.